Wallenius Wilhelmsen Logistics opened a new processing facility in San José Chiapa, Mexico at Audi’s new assembly plant, which is expected to become the worldwide sourcing point of the German car manufacturer’s Q5.
Canada records first trade surplus in 26 months
Canada’s trade surplus of C$526 million for November came as a surprise, as analysts had projected the nation would experience a trade deficit for the month.
Drewry: Spot container rates on major East-West routes hit 20-month high
The World Container Index has increased by 62 percent since the bankruptcy of Hanjin at the end of August 2016, London-based shipping research and consulting firm Drewry said.
Port of Portland sues Monsanto over PCB contamination
The Pacific Northwest port has filed a lawsuit in U.S. District Court in Oregon, alleging agrochemical manufacturer Monsanto was aware of the danger posed by polychlorinated biphenyl prior to a federal government ban in 1979.
COSCO to purchase 10% stake in Shanghai bank
The Chinese shipping conglomerate has agreed to acquire a minority stake in the Shanghai Rural Commercial Bank from Australia & New Zealand Banking Corp. for $0.66 million.
Commentary: What will Trump mean for trade?
Taneli Ruda, head of ONESOURCE Global Trade, said the election of Donald Trump won’t cause trade liberalization to grind to a halt across the world, but it should cause those who run multinational corporations to carefully contemplate its implications.
OmniTRAX Canada to sell Manitoba assets
The assets to be sold to the Missinippi Rail Consortium include the Hudson Bay Railway, the Port of Churchill on Hudson Bay, and a tank farm adjacent to the port.
FTR: Class 8 orders up 10% in December
Net orders for North American Class 8 trucks totaled 21,200 units in December 2016, up 10 percent from the previous month and in line with analyst expectations, according to freight transportation analyst FTR.
Greenbrier moves down a gear in Q1 FY 2017
Net earnings attributable to the Greenbrier Companies Inc. totaled $25 million for the first quarter of fiscal year 2017, while the company’s revenues stood at $552.3 million, quarter-over-quarter declines of 25.6 percent and 7.2 percent, respectively.
ILA opposes fully automated container terminals
Harold J. Daggett, president of the International Longshoremen’s Association, said the union will oppose fully-automated container terminals in upcoming contract talks with the United States Maritime Alliance.